Aditya Birla Renewables inks PPA for 75 Mw solar plant in Odisha

Aditya Birla Renewables Ltd, part of the diversified business conglomerate Aditya Birla Group, has signed a long-term power purchase agreement (PPA) with Odisha's  power trader Gridco. The pact is for developing 75 Mw solar power plant in the state.

The company had  offered the lowest bid of Rs 2.79 per unit for putting up the 75 Mw project in the state in response to the 200 Mw solar power tenders floated by Gridco.

"Gridco has signed the PPA with Aditya Birla Renewables on December 20, 2018 for development of 75 Mw for 25 years. From the date of signing of PPA, they